We just need some snippet of interest for Chinese buying into the Insurance market as per article eoy 2015
Insurance MIA?
The Clyde & Co report predicted multi-billion dollar Chinese insurers and private equity groups could soon set their sights on Australia’s big insurers like Insurance Australia Group Ltd(ASX: IAG), QBE Insurance Group Ltd(ASX: QBE) or Suncorp Group Ltd(ASX: SUN).
Thus far we’ve only seen Chinese investment groups seriously interested in our agriculture and mining companies, however I believe 2016 will be very different to 2015.
Australia’s insurance companies remain among the most profitable in the world and have even attracted the attention of the great Warren Buffett when his company purchased 3.7% of IAG earlier in the year.
IAG Price at posting:
$5.58 Sentiment: Hold Disclosure: Held
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